1371.057 – REVIEW AND APPROVAL OF OBLIGATION, CREDIT
Texas Government Code § 1371.057
Summary
This law requires that any issuer seeking to issue obligations or execute credit agreements must submit relevant proceedings to the attorney general for review and approval. This ensures that the financial instruments comply with legal standards and protects public interests.
Requires submission of issuer proceedings to the attorney general.
Applies to obligations and credit agreements.
Ensures compliance with legal standards before execution.
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In simple terms: Learn about Texas's REVIEW AND APPROVAL OF OBLIGATION, CREDIT law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.